Premises and Equipment, Net

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

Premises and Equipment, Net

6. PREMISES AND EQUIPMENT, NET

	December 31,
	2020			2019
Land and land improvements	$	766,939		$	766,939
Building and building improvements		2,541,577			2,540,303
Furniture, fixtures and equipment		963,333			915,406
		4,271,849			4,222,648
Less accumulated depreciation		(3,283,065	)		(3,170,136	)
	$	988,784		$	1,052,512

Depreciation expense for the years ended, December 31, 2020 and 2019, was $112,929 and $108,664, respectively.